Hope on the horizon after shock GDP slide

13 September 2020 - 00:03 By HILARY JOFFE

South Africans learnt about the power of annualisation this week when Stats SA reported the latest economic numbers for the coronavirus lockdown quarter.

It was enough of a shocker that the economy contracted by 16.4% in the second quarter, in which SA experienced one of the world's most draconian lockdowns. But the optics weren't helped by SA being one of the few countries where the headline quarterly numbers the statisticians present are, inexplicably, the annualised version...

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